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'BankUnited shares more than double on speculation of Kanas takeover'

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news BankUnited shares more than double on speculation of Kanas takeover; Adjustable Rate Mortgage Blog
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BankUnited shares more than double on speculation of Kanas takeover

05/17/09 00:45

BankUnited Financial Corp. more than doubled in share value in New York trading due to speculations that John Kanas, North Fork Bancorp’s former, will mount a takeover of the company.

The home lender, which had been ordered by federal authorities to find a buyer, jumped by 88 cents to $1.60 earlier this week.

Link: BankUnited Soars on Speculation of Bid Led by Kanas (Update1) - Bloomberg.com

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